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Friday, February 10, 2017

Bought: CL, MMM, VFC, WMT

With the start of a new year, I've decided to kick it off by investing very aggressively in the first month. There were several companies that had a slight pullback, and I was able to invest more capital in said companies. It makes me glad that I can put money to work for me and start the compounding process sooner.

Without further ado, below is a summary of my recent purchases for the month of January:

I purchased 16 shares of Colgate-Palmolive Company (CL) at $63.75 per share in my taxable brokerage account. This is a dividend yield of 2.45%, adding $24.96 to my taxable dividend income.

I purchased 5 shares of 3M Company (MMM) at $175 per share in my taxable brokerage account. This is a dividend yield of 2.54%, adding $22.20 to my taxable dividend income.

I purchased 7 shares of 3M Company (MMM) at $174 per share in my Roth IRA account. This is a dividend yield of 2.55%, adding $31.08 to my non-taxable dividend income.

I purchased 20 shares of V.F. Corporation (VFC) at $51 per share in my taxable brokerage account. This is a dividend yield of 3.29%, adding $33.60 to my taxable dividend income.

I purchased 16 shares of Wal-Mart Stores, Inc. (WMT) at $67 per share in my Roth IRA account. This is a dividend yield of 2.99%, adding $32 to my non-taxable dividend income.

After these purchases, my non-taxable dividend income will increase by $63.08, and my taxable dividend income will increase by $80.76.

What do you think of my recent stock purchases? Do you own any of the same companies?

I'm hoping that these purchases will help kick start my dividend growth machine at an accelerated rate for 2017. I'm also pretty happy with my purchases since all the companies I bought have long dividend track records.

I have been waiting to own MMM for a long time, and I finally decided to pull the trigger on that company when it pulled back. The other companies were bought so that I could average down my cost basis on these companies with long dividend track records.

Glad to know another shareholder that owns the same companies as I do. :)

VFC was pretty beaten down the past few weeks; it seems to have bounced back up a bit as of today (2/22/2017). While I'm not a licensed investment advisor, if you like consumer staples companies such as PG, KMB, or UL, I'm sure you will like CL as well. But you should do your own research to see if it's a company you are interested in investing in.

I love investing in the "boring" companies; those are usually the ones that will help you build wealth (albeit slowly, but pretty much fool proof). You said it perfectly - "all good track of paying dividends and increases like clockwork."

That's totally cool if you play in mutual funds. I own two mutual funds as well from Vanguard. Honestly, the formula to financial independence and building wealth is to be frugal and to invest as much of your savings as possible. As long as you stick with investment vehicles that you understand and are comfortable with, that's all that matters.

Thanks! I'm pretty happy that I was able to make that many purchases too. I figure it's a great way to start off 2017 by increasing my dividend compounding machine early and aggressively. I have been waiting to buy MMM for years... haha... I just never bought because I always thought it was overpriced. But I'm really glad I made the purchases since it's a solid company.

Disclaimer

I am not a licensed investment advisor or an investment professional. I am not liable for any losses suffered by any parties. Unless your investments are FDIC insured, they may decline in value. Please consult with an investment professional before investing any of your money.